While many institutional investors participate in class action lawsuits against investee companies to recover assets lost due to malfeasance, others do so to be activists, according to W. Mark McNair, a securities litigation lawyer at Kaplan Fox & Kilsheimer LLP. Plan sponsors that have suffered a significant loss may file a claim to signal to […]
New amendments to the Canada Labour Code will exempt some employees from the legislation’s hours-of-work requirements. “These amendments are a rare example of changes that employers in the federal sector will welcome and, in some respects, [will] align the CLC to Ontario’s Employment Standards Act,” says Landon Young, managing partner of Stringer LLP, a labour […]
The state of Georgia will start paying for gender affirmation care for state employees, public school teachers and former employees covered by a state health insurance plan, settling the latest lawsuit aimed at forcing state agencies to pay for surgery and other procedures. The plaintiffs moved to dismiss their case last Thursday in Atlanta federal […]
The Parliamentary Budget Office is confirming the insurance industry’s projection that a single-payer model of national pharmacare program will cost $40 billion annually as a result of shifting more than $14 billion in private insurance coverage onto the government’s books. In a new report, the PBO estimated the cost of a single-payer universal drug plan to […]
Workers in California will soon receive a minimum of five days of paid sick leave annually, instead of three. The new law, which takes effect in January, also increases the amount of sick leave workers can carry over into the following year. In a press statement, Governor Gavin Newsom said the law demonstrates that prioritizing the health […]
The Nova Scotia Labour Board has ordered St. Mary’s University to resume making pension contributions for employees on long-term disability leave, reasoning that the pension committee had no authority to make changes to contribution levels mandated by the plan. “The board found that amendments to the pension plan proposed by the pension committee — the […]
National Hockey League coach Mike Babcock thought he was just trying to get to know his players better, but experts say he may have crossed a line that’s sometimes hard to see. After joining the Columbus Blue Jackets, Babcock was called out this week for allegedly asking some players to show family photos off their phones, raising questions […]
The Federal Pay Equity Act, which took effect on Aug. 31, 2021, requires all federally regulated employers with 10 or more employees to prepare and post a pay equity plan by Sept. 3, 2024. In addition, it requires all unionized employers or those with 100 or more workers to establish a pay equity plan — […]
New York City’s pension funds and the State of Oregon are suing Fox Corp., alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 U.S. presidential election that exposed the network to defamation lawsuits, according to a report by the New York Times. The lawsuit, which didn’t specify the damages […]
An article announcing the finalists in Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Who are the finalists of the 2023 Workplace Benefits Awards? 2. How employers can help prevent post-vacation burnout 3. AI tools helping insurers manage plan costs by […]